Zhejiang Construction Investment announced that Huaying Construction, a subsidiary of the company, recently received a notice of winning the bid and successfully won the bid for the public housing development project of Hongchang Factory Building in Cheung Sha Wan, Kowloon, with a bid price of about HK$1.5 billion. The total construction period of the project was 1,096 calendar days. The company stated that the execution of the contract will have a positive impact on business performance and will not affect the company's operational independence. As of the announcement date, no formal contract has been signed for the project. The details are subject to the terms of the formal contract.

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